Got an LCD deck. Not seeing the option to set the refresh rate to 40 hz after latest update. It used to be in quick menu by the frame rate. Now it seems I can only use the frame rate limiter to set it to 30 fps instead of changing the refresh rate to 40 hz to limit the fps to 40.
To add to this, more refresh per frame helps with stuttering and input latency. In short, 30FPS-40FPS should feel much smoother now.